Enterprise Risk Management Associate - RCSA Testing

Banco Santander SA; United States; On-site; USD 81,000 - 140,000; Full time

Job summary

Santander is seeking an Enterprise Risk Management Associate to support RCSA testing and risk assessment activities in the United States. The role is part of the Second Line of Defense and collaborates with risk owners to ensure adherence to risk frameworks and policies.

The incumbent will identify key risks, develop KRIs/KPIs, assist with remediation, and help drive risk management practices across the assigned business line, partnering with internal and external stakeholders as needed.

Qualifications

• Bachelor's degree in a related field (or equivalent).
• 5+ years in risk management, internal controls, auditing, or regulatory functions (required).
• Experience supporting risk projects across multiple business lines in financial services (required).
• Experience collaborating with internal/external service providers to meet resource needs (required).
• Strong knowledge of banking regulatory environment and risk management practices (preferred).

Responsibilities

• Drive risk culture awareness within the business line.
• Develop metrics and deliver data to stakeholders.
• Identify risks, causes, severity, and controls across the line.
• Review and input risk frameworks, policies, and standards with SLoD.
• Support risk initiatives: risk assessments, KRIs/KPIs, remediation.
• Coordinate internal control testing and validate control effectiveness.
• Liaise with regulators, Internal Audit, and risk exams.
• Document KPI framework details (metric types, sources, thresholds).

Skills

Risk management

Regulatory understanding

Project management

Analytical skills

Communication & influence

Stakeholder collaboration

Independent & collaborative work

Risk documentation

Problem-solving

Education

Bachelor's degree in a related field

Master’s degree in a related field

Job description

Enterprise Risk Management Associate - RCSA Testing Country: United States of America

It Starts Here: Santander is a global leader and innovator in the financial services industry and is evolving from a high-impact brand into a technology-driven organization. Our people are at the heart of this journey and together, we are driving a customer-centric transformation that values bold thinking, innovation, and the courage to challenge what’s possible. This is more than a strategic shift. It’s a chance for driven professionals to grow, learn, and make a real difference. If you are interested in exploring the possibilities

The Associate, Risk Management operates within the Second Line of Defense and is accountable to assist the Business Control & Risk Management team in driving effective and consistent business line execution against the Enterprise Risk Management Framework. Specifically, the Associate works to identify, assess key risks and control effectiveness throughout the assigned business line by driving business unit adherence with applicable risk frameworks, Corporate/Business Line policies and standards. The incumbent will also assist with completion of business line risk initiatives, as assigned, such as risk assessments, KRI/KPI development and monitoring, and on-time remediation of issues. The Associate must be able to effectively partner with various stakeholders.

Key Responsibilities

• Drive Risk Culture: Ensure awareness in the Business Line of risk frameworks, policies and standards.
• Communication & Training: Work with team members and key stakeholders to develop appropriate metrics and deliver relevant and accurate data.
• Work with internal teams to gain an in-depth understanding of existing risks, causes, severity rating, controls and issues.
• Adherence to Risk Frameworks, Policies, and Standards – Partner with SLoD to provide input/review of frameworks, policies and standards.
• Facilitate Business Line awareness of and adherence to risk frameworks, policies, and standards and issue validation.
• Continuously monitors all sources of risk existing within the Business Line and externally.
• Engage in research, peer networking, and experience to anticipate critical risk issues impacting the Business Line.
• Where applicable, Issue Identification, Management, and Risk Assessment: Conduct RCSA responsibilities including Process Mapping, Risk & Control Matrices, Inherent Risk Assessments, Internal Control testing and Heracles data/input.
• Internal Control Testing: Implement and maintain internal control testing and control effectiveness monitoring in the Business Line. Validate the adequacy of controls, and escalates deficiencies as appropriate.
• Identify root causes of control deficiencies/weak Exam Management: Liaison with the Business Line for all exam related activities including regulatory, Internal Audit and Credit Risk Review. Review materials, responses and validate Business Line remediation work (e.g. artifacts, action plans, etc.).
• Support the implementation of Key Risk Indicator (KRI) framework: Formally define and document metric definition details (metric type, provider, approver, numerator & denominator descriptions, source, scope, thresholds, Risk Basel category).

Required Qualifications

• Education: Bachelor's degree in a related field or equivalent demonstrated through a combination of work experience, training, military service, or education – Required.
• Education: Master’s degree in a related field or equivalent demonstrated through a combination of work experience, training, military service, or education – Preferred.
• Professional Experience: 5+ years of experience in risk management, internal controls, auditing, credit management, a relevant line of business, and/or legal or regulatory functions – Required.
• Professional Experience: Demonstrated experience supporting and/or leading risk projects across multiple business lines offering a broad range of financial services products and services – Required.
• Professional Experience: Experience collaborating with internal and external service providers to establish resource requirements, schedules, assignments, and service levels – Required.
• Skills: Advanced understanding of the financial services regulatory environment and how risks associated with banking products and services are viewed by the Second Line of Defense and regulators.
• Skills: Knowledge of the financial services sector, including competitive dynamics, retail banking products, and risk management practices.
• Skills: Understanding of Bank Secrecy Act/Anti-Money Laundering (BSA/AML) and Office of Foreign Assets Control (OFAC) regulations, regulatory expectations, and industry-leading practices.
• Skills: Strong project management skills.
• Skills: Excellent analytical and complex problem-solving skills.
• Skills: Ability to produce high-quality, accurate documentation with strong attention to detail.
• Skills: Ability to build internal and external networks of information resources across the risk management ecosystem.
• Skills: Ability to build credibility, collaborate with, and influence line of business executives.
• Skills: Ability to work effectively both independently and collaboratively with employees and management at all organizational levels.

Preferred Qualifications

• Certifications: Risk certification, such as Certified in Risk and Information Systems Control (CRISC), Financial Risk Manager (FRM), Professional Risk Manager (PRM), Certified Internal Auditor (CIA), Certified Regulatory Compliance Manager (CRCM), or a comparable risk management certification – Preferred.
• It Would Be Nice For You To Have: Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education.

Work Authorization & Sponsorship: Applicants must be legally authorized to work in the United States on a full-time basis without requiring employer sponsorship to commence employment.

Base Pay Range

• Minimum: $80,625.00 USD
• Maximum: $140,000.00 USD

We Value Your Impact: Your contribution matters and it’s recognized. You can expect a fair and competitive rewards package that reflects the impact you create and the value you deliver. We know rewards go beyond numbers. Offering more than just a paycheck our benefits are designed to support you, your family and your well-being, now and into the future. Santander Benefits - 2026 Santander OnGoing/NH eGuide (foleon.com)

Risk Culture: We embrace a strong risk culture and all of our professionals at all levels are expected to take a proactive and responsible approach toward risk management.

At Santander, we value and respect differences in our workforce. We actively encourage everyone to apply. Santander is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status or any other characteristic protected by law.

Working Conditions: Frequent minimal physical effort such as sitting, standing and walking is required for this role. Depending on location, occasional moving and lifting light equipment and/or furniture may be required.

Employer Rights: This job description does not list all of the job duties of the job. You may be asked by your supervisors or managers to perform other duties. You may be evaluated in part based upon your performance of the tasks listed in this job description. The employer has the right to revise this job description at any time. This job description is not a contract for employment and either you or the employer may terminate your employment at any time for any reason.

The Santander Way Santander is evolving from a global, high-impact brand into a technology-driven organization, and our people are at the heart of this journey. Together, we are driving a customer-centric transformation that values bold thinking, innovation, and the courage to challenge what’s possible. This is more than a strategic shift. It’s a chance for driven professionals to grow, learn, and make a real difference. Our mission is to contribute to help more people and businesses prosper. We embrace a strong risk culture and all our professionals at all levels are expected to take a proactive and responsible approach toward risk management. Ready to make it happen? It starts with you. It starts here.